Edwards Lifesciences Corporation stock research
FY2024 Q2
Edwards Lifesciences (EW) Gross Margin — Quarter Ended Jun 30, 2024
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Gross margin improved sequentially and remained essentially stable year over year, reflecting a lower cost of revenue relative to revenue in the current quarter.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Gross margin improved sequentially and remained essentially stable year over year, reflecting a lower cost of revenue relative to revenue in the current quarter.
- The strongest observable driver was the reduction in cost of revenue compared to the prior quarter, which supported gross margin expansion.
- Gross margin improved from the previous quarter and was slightly higher than the same quarter one year earlier. Revenue and gross profit increased in both comparisons.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
79.9%
Gross profit
$1.1B
Revenue
$1.4B
Cost of revenue
$275.5M
Quarter-over-quarter change
+1.5 pts
Year-over-year change
+0.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2023 | $1.3B | $1.0B | $256.9M | 79.7% |
| Sep 30, 2023 | $1.2B | $978.9M | $250.6M | 80.9% |
| Mar 31, 2024 | $1.3B | $1.0B | $286.9M | 78.4% |
| Jun 30, 2024 | $1.4B | $1.1B | $275.5M | 79.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+1.5 pts
Year-over-year change
Jun 30, 2023
+0.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver was the reduction in cost of revenue compared to the prior quarter, which supported gross margin expansion.
Gross margin improved from the previous quarter and was slightly higher than the same quarter one year earlier. Revenue and gross profit increased in both comparisons.
Monitor the trajectory of cost of revenue, as it increased in absolute terms compared to the prior year.